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Apr
14
2022

Texas Daily Ag Market News Summary

Posted 287 days ago ago by Administrator Account

Daily Market Summary for April 14th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!



Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been mostly inactive on light demand in the Texas Panhandle, Nebraska and Western Cornbelt. In Kansas and Colorado negotiated cash trading has been at a standstill. Not enough purchases in any region for a market trend. In the Southern Plains the last reported market was on Wednesday with live purchases at 139.00. In Nebraska the last reported dressed market was on Wednesday with purchases at 226.00. Tuesday was the last reported live purchase market with purchases from 140.00-142.00. In the Western Cornbelt the last reported market was on Wednesday with live and dressed purchases at 143.00 and at 226.00, respectively. In Colorado the last reported market was on Tuesday with live purchases from 140.00-142.00.

Negotiated Sales:

Confirmed:          3,795

Week Ago:           5,411

Year Ago:           39,187

Formula Net - Dressed Steers & Heifers:

Head count priced today:   35,700

Weighted avg. weight:        882.00

Weighted avg. net price:     224.45

 

Cattle Slaughter under Federal Inspection

Thursday (est)                      123,000

Week ago (est)                     124,000

Year ago (act)                       113,000

Week to Date                       498,000

Same Period Last Week     495,000

Same Period Last Year       459,000

Wednesday

Steers & Heifers:  97,000

Cows & Bulls:        29,000

 

Boxed Beef:

Cutout Values:

Choice: 271.86… -0.50

Select:  259.71… +0.34

Choice/Select Spread: 12.15

Total Load Count: 102

 

Cutter Cow Cutout:

227.49… +1.74

 

CME Feeder Cattle Index for April 14th:

155.95… +0.09/ +0.06%

1 Year Change: +9.59%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

April: 140.67… +0.05

June: 136.42… -0.45

August: 138.32… -0.33

 

Feeder Cattle:

April: 158.20… -0.35

May: 161.77… -0.18

August: 174.35… -0.07

 

May Hogs: 112.75… +1.23

May Crude Oil: 106.95… +2.70

 

May Corn: 7.9025… +0.0675

May Wheat: 10.9650… -0.1700

 

Grain Cash Bids:

Omaha Corn: 7.89… +0.06

Kansas City Wheat: 10.92… -0.21

 

Financial Markets:

DJIA: 34,450.84… -114.61

S & P 500: 4,392.58… -54.22

NASDAQ: 13,350.62… -291.11

U.S. Dollar Index: 100.34… +0.46